• The Central Government has launched ‘Quarterly Return filing & Monthly Payment of Taxes (QRMP)’ scheme for small taxpayers under GST system.
• Taxpayers with aggregate annual turnover of up to Rs 5 crore in the preceding financial year are eligible for QRMP Scheme.
• Taxpayers who have filed their October GSTR-3B (sales) return by November 30, 2020 are eligible for QRMP Scheme.

QRMP Scheme:

• Persons with aggregate turnover up to Rs 5 crore would be allowed to furnish their GSTR-1 and GSTR-3B returns on quarterly basis, beginning January-March quarter of 2020-21.
• Quarterly GSTR-1 and GSTR-3B can also be filed through an SMS. 
• Taxpayers can also make GST payments every month, through challan, with effect from January 1, 2021.
• This can be done either by self-assessment of monthly liability or 35% of net cash liability of previous filed GSTR-3B of the quarter.